All of the Following Are True About a Probability Density

question 81

Multiple Choice

All of the following are true about a probability density function,f(x) ,except ________.

• A)f(x)≥ 0 for all values of x
• B)the total area under the function above the x-axis is 1.0
• C)the probability distribution will approach the shape of a smooth curve
• D)the probability will assume a value greater than or equal to a specified value,x

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Definitions:

Demand Curve

A graph showing the relationship between the price of a good and the quantity of that good which consumers are willing to purchase at various prices.

Cost Function

A mathematical representation that describes how the costs incurred by a firm relate to its level of output or production.

Cartel Arrangement

An agreement among competing firms to control prices or exclude entry of new competitors in a market, often to maximize their profits illegally.

Manufacturing Plant

A facility where raw materials are transformed into finished products through various processes and machinery, typically involving assembly lines and specialized equipment.